Offshore Shipping Online

A publication for the offshore shipping industry published by Clarkson Research

  • Offshore Intelligence Monthly
  • Menu

    Modec orders FPSOs

    Yard News // September 17, 2004
    Fairplay (www.fairplay.co.uk) reports that Modec has ordered two FPSOs from Samsung Heavy Industries in a joint venture with IMC Holdings of Singapore. Delivery is slated for February and July 2007.

    Each will have the capacity to store 1-1.4M barrels. While the yard did not disclose the value of the order, a shipbuilding source told Fairplay the unit price is estimated at over US$70 million.

    More articles from this category

    More news